
MIAMI REALTORS® MLS↓ Price reduced $250,000 on Oct 28, 2026
398 NE 5th Street 2418, Miami, FL 33132
- Beds
- 3
- Baths
- 3
- Sqft
- 1,135
- Home type
- Stock Cooperative
- Year built
- 2022
- Lot size
- —
- Price / sqft
- $1,189
- HOA
- $1,307/mo
- Community
- MAP OF MIAMI DADE CO. FL.
Property description
Attention Investors: Short-Term Rental Approved Residence at The ElserExceptional opportunity to own a fully furnished 3-bedroom, 3-bath residence at The Elser Hotel & Residences in Downtown Miami, one of the city’s most sought-after short-term rental approved buildings. Ideal for buyers seeking a Miami investment property or luxury second home with income potential.This beautifully designed residence features an open-concept layout, floor-to-ceiling windows, and a private balcony with views of Biscayne Bay and the Miami skyline. Contemporary finishes include a modern kitchen with stainless steel appliances, custom cabinetry, and elegant bathrooms with frameless glass showers.Delivered fully furnished and turnkey, the residence is ready for immediate personal use or rental income. The spacious 3-bedroom layout is especially attractive for short-term rentals and group travel, maximizing occupancy and rental potential.Residents enjoy resort-style amenities including a rooftop pool, fitness center, spa, sauna, concierge services, and lounge areas.Located steps from Bayfront Park, the waterfront, dining, entertainment, and major attractions, this property benefits from strong year-round tourism demand.With daily rentals permitted according to condominium regulations, owners can maximize income. Miami will host seven FIFA World Cup matches in 2026, driving some of the highest short-term rental demand in the city.
Listing activity
- Days on market
- 236
- Listed
- Mar 6, 2026
- MLS listing updated
- Oct 28, 2026
- Feed last checked
- 14 minutes ago
Listed by Ana Maria Osorio De Vega · EXP Realty LLC
Map
Map location is based on MLS-supplied coordinates. Verify the location before relying on it.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms
- 3
- Bathrooms
- 3
- Bathrooms (decimal)
- 3
- Full bathrooms
- 3
- Half bathrooms
- 0
Rooms & features
- Rooms
- 0
- Interior features
- Closet Cabinetry, Elevator
- Flooring
- Tile
- Appliances
- Electric Water Heater, Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
- Window features
- Skylight(s)
Heating & cooling
- Heating
- Central
- Cooling
- Central Air
Property
Parking
- Garage spaces
- 0
- Carport spaces
- 0
- Covered spaces
- 0
Exterior
- Stories
- 49
- Building area
- 1,135 sqft
- Exterior features
- Balcony, Lighting, Other
- View
- Ocean, Other
- Waterfront property
- No
Construction
Type & style
- Home type
- Stock Cooperative
- Architectural style
- Other
- Year built
- 2022
- New construction
- No
Materials
- Construction
- Block, Brick Veneer
- Property condition
- Resale
Utilities & green energy
Not reported by the listing source.
Community & HOA
Community
- Subdivision
- MAP OF MIAMI DADE CO. FL.
- MLS area
- 2420
- Security
- Smoke Detector(s), None
- Pets allowed
- No
- 55+ community
- No
Association
- Has association
- Yes
- Association fee
- $1,307 monthly
- Estimated monthly dues
- $1,307
- Amenities
- Maintenance, Pool, Bar, Elevator(s), Fitness Center, Parking, Private Beach Pavilion, Sauna, Spa/Hot Tub
- Services included
- Recreation Facility, Pool Service, Cable TV, Common Areas, Elevator, Insurance, Maintenance Structure, Sewer, Trash, Water
Lease details
Not reported by the listing source.
Location
Area details
- City
- Miami
- County
- Miami-Dade
- ZIP code
- 33132
Manufactured home details
Not reported by the listing source.
Financial & listing details
Listing
- MLS number
- A11972846
- Possession
- Close Of Escrow
- Original list price
- $1,600,000
- Parcel number
- 0141370785890
- Annual property tax
- $22,186
- Tax year
- 2025
- Tax legal description
- 398 NE 5TH STREET CONDO UNIT 2418 UNDIV 0.2874% INT IN COMMON ELEMENTS OFF REC 33416-1520
Additional MLS details
Reported by the listing source
- Association Amenities
- Maintenance, Pool, Bar, Elevator(s), Fitness Center, Parking, Private Beach Pavilion, Sauna, Spa/Hot Tub
- Association Fee Frequency
- Monthly
- Association Fee Includes
- Recreation Facility, Pool Service, Cable TV, Common Areas, Elevator, Insurance, Maintenance Structure, Sewer, Trash, Water
- Association
- Yes
- Bathrooms Total Decimal
- 3
- Bathrooms Total Integer
- 3
- Building Area Total
- 1135
- Construction Materials
- Block, Brick Veneer
- County Or Parish
- Miami-Dade
- Days On Market
- 236
- Elementary School
- Frederick Douglass
- High School
- Booker T. Washington
- List Price
- 1350000
- Listing Contract Date
- 2026-03-06
- Living Area
- 1135
- MLSArea Major
- 2420
- Middle Or Junior School
- Jose De Diego
- Mls Status
- Active
- On Market Date
- 2026-03-06
- Photos Count
- 34
- Postal Code
- 33132
- Price Change Timestamp
- 2026-10-28T17:31:20Z
- Property Sub Type
- Stock Cooperative
- Property Type
- Residential
- Rooms Total
- 0
- Security Features
- Smoke Detector(s), None
- Senior Community
- No
- Standard Status
- Active
- State Or Province
- FL
- Status Change Timestamp
- 2026-03-06T05:00:00Z
- Stories Total
- 49
- Subdivision Name
- MAP OF MIAMI DADE CO. FL.
- Tax Annual Amount
- 22186
- Bathrooms Full
- 3
- Bedrooms Total
- 3
- Waterfront
- No
- Bathrooms Half
- 0
- Financial Information: Estimated Monthly Assoc Recurring Fee
- 1307
Market value
Price history
| Date | Event | Price |
|---|---|---|
| Mar 6, 2026 | ListedMIAMI REALTORS® MLS | $1,600,000$1,410/sqft |
| Oct 28, 2026 | Price reducedMIAMI REALTORS® MLS | $1,350,000$1,189/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2025 | $22,186 | — |
Payment calculator
- Principal & interest
- $7,005
- Property taxes
- $1,849
- Insurance
- $675
- Association dues
- $1,307
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Neighborhood
Area
MAP OF MIAMI DADE CO. FL.Miami · Miami-Dade County · 33132
Climate risk
—No licensed climate-risk source is connected.
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